cnbc's chief technology reporter john fortt has all the details from the report. >> oracle out with those very disappointing reports. stock was down as much as 8% after hours. here are the gruesome details. misses on the tom top ask bottom lines. wall street was looking for revenue around $9.4 billion. oracle turned in just shy of $9 billion. nonbacked eps of 64 cents. oracle turned in 65. as the revenue pretty much fell across the board, new lifeless and cloud revenue was well light. nongap operating margins, just a little bit light, but still in this. and then the guidance, q4 is oracle's big quarter. this is where wall street was hoping for some blowout numbers, looking for around 11.5 billion in revenue, 88 cents of eps, oracle said, no, we're not going to do quite that well, in fact, guided to just a negative 1 to plus 4% growth in revenue for the quarter. wall street better than 5% growth. new revenue will fall a couple of percentage points short of what wall street wanted and hardware product revenue very much light. the cfo says the problem here is not product, it was sales force